Crosstree unveils plans for King’s Road redevelopment

Crosstree Real Estate has submitted plans for a Squire & Partners-designed redevelopment of King’s Walk mall in Chelsea, SW3. The investor bought the 55,000 sq ft rundown shopping centre on the King’s Road from O&H Properties last year for around £65m for a new fund. Crosstree plans to demolish the site at 118-122 King’s Road and 7-9 Tryon Street and replace it with a five-storey mixed-use scheme comprising 24,000 sq ft of retail, 28,000 sq ft of offices, 28,000 sq ft  of leisure and 11,000 sq ft of flexible uses. [gallery type="slideshow" size="full" link="none" ids="1052259,1052260,1052261,1052262,1052258"] The scheme will also include a green wall on the rear of the building “incorporating a rich tapestry of native and ornamental grasses, shrubs and perennial plants” to help improve air quality and the biodiversity of the site and to provide a better outlook for the residents of the neighbouring Ranelagh House. Crosstree is aiming for the project to be BREEAM Excellent and to exceed a 35% on-site carbon reduction by using low-carbon technologies and a sustainable approach to its development. Savills is advising on planning. To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette